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| Author: | Knight, M. Loayza, N. Villanueva, D. |
| Title: | Testing the neoclassical theory of economic growth |
| Journal: | Staff Papers
1993 : SEP, VOL. 40:3, p. 512-541 |
| Index terms: | ECONOMIC GROWTH PANEL DATA NEO-CLASSICAL ECONOMICS |
| Language: | eng |
| Abstract: | Recent empirical studies have examined the determinants of economic growth using country-average (cross-sectional) data. By contrast, this paper employs a technique for using a panel of cross-sectional and time series data for 98 countries over the 1960-85 period to determine the quantitative importance for economic growth of both country-specific and time-varying factors such as human capital, public investment, and out-ward-oriented trade policies. |
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